Bitcoinica and the 0.0123 bot | Bitcointalksearch.org

Seal

donator

Activity: 848

Merit: 1078

Quote from: chsados on January 18, 2012, 08:41:30 PM

Code:

 phantomcircuit my theory is that bot manipulating the price of mtgox/bitcoinicas instant buy buttons
 hoping to get mtgox buyers who dont check the order book 
 chsados, my theory as well
 i also thing the bot is putting in medium sized buy orders when theres not much activity to jump the price up to move it closer to its large sell wall

Is that like somebodys way of scalping for profits? I'm pretty sure you could counter that bot and make a killing from it by understanding how it works.

chsados

hero member

Activity: 662

Merit: 545

Code:

 phantomcircuit my theory is that bot manipulating the price of mtgox/bitcoinicas instant buy buttons
 hoping to get mtgox buyers who dont check the order book 
 chsados, my theory as well
 i also thing the bot is putting in medium sized buy orders when theres not much activity to jump the price up to move it closer to its large sell wall

guywhogotgoxed

member

Activity: 61

Merit: 10

phantomcircuit youd better give an explanation or you just made yourself look incredibly unprofessional. a quick view in a couple of recent threads and one gets the impression that you feel jealous.

Seal

donator

Activity: 848

Merit: 1078

Me neither... but on a side note, i've noticed a lot of > 0.01 BTC trades placed. The only explanation I can think of is bots testing for market movements? Why bother otherwise? I think its trades like that in huge numbers which really slow broker trading engines down.

guywhogotgoxed

member

Activity: 61

Merit: 10

I dont see what youre talking about.

Why so jelly?

phantomcircuit

sr. member

Activity: 463

Merit: 252

I believe I have an explanation for the 0.0123 trades, in short they appear to tighten the spread on bitcoinica. As we all know his algorithm has some measure of volatility, so presumably this would also apply in the opposite direction.

Topic: Bitcoinica and the 0.0123 bot (Read 1202 times)